4,082 Shares in Visa Inc. (NYSE:V) Acquired by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,082 shares of the credit-card processor’s stock, valued at approximately $1,063,000. Visa comprises 1.0% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC purchased a new stake in Visa during the third quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Visa during the third quarter worth approximately $25,000. West Tower Group LLC purchased a new position in shares of Visa in the second quarter valued at $30,000. Nalls Sherbakoff Group LLC boosted its stake in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock valued at $12,832,129 over the last three months. 0.19% of the stock is owned by corporate insiders.

Visa Trading Up 0.0 %

Shares of V traded up $0.06 during midday trading on Friday, hitting $279.08. The stock had a trading volume of 5,844,358 shares, compared to its average volume of 6,182,342. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The business has a 50-day simple moving average of $279.11 and a two-hundred day simple moving average of $258.66. The firm has a market cap of $512.53 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company posted $2.18 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on V shares. Mizuho restated a “neutral” rating and issued a $265.00 target price on shares of Visa in a research note on Wednesday. Evercore ISI upped their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Finally, KeyCorp upped their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.